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Gates town, TN

ZIP 38037 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 38037

Median Home Value
$89,000
Median Rent
$403
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$572/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 38037 in Gates town, TN, a household would need roughly $25,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $572. That sits below the local median household income ($45,948), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
66.0%+1% vs US avg
x
Vacancy Rate
18.5%+80% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.6%-77% vs US avg
x
Mortgage-Free
50.1%+31% vs US avg
x
$89,000
Home Value
$403
Rent
1979
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached70.4%
  • 1-unit attached0.0%
  • 2-9 units2.8%
  • 10+ units2.8%
  • Mobile home & other24.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$89,000
Median rent$403
Owner-occupied66.0%
Vacant18.5%
Price-to-income1.9x
Est. income to buy$25,000